Purchase Originations
740
Ranked #485 nationally
Median Total Costs
$3,726
−44.2% vs national ($6,680)
↑ $201 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$950
Median Lender Credits
$390
Cost Rank (500+ vol.)
#86
among lenders with 500+ originations
Denial Rate
3.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 649 | 6.625% | $3,623 | $950 |
| fha | 79 | 6.625% | $7,762 | $1,101 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 725 | 6.625% | $3,723 | #22 |
| Illinois | 3 | 6.875% | $7,584 | — |
| South Carolina | 3 | 6.875% | $4,647 | — |
| Georgia | 2 | 6.370% | $3,143 | — |
| California | 1 | 7.125% | $4,092 | — |
| Kentucky | 1 | 6.625% | $3,299 | — |
| Maryland | 1 | 6.625% | $4,224 | — |
| North Carolina | 1 | 6.875% | $3,588 | — |
| New Jersey | 1 | 6.990% | $5,134 | — |
| Tennessee | 1 | 6.375% | $2,094 | — |
| Virginia | 1 | 6.375% | $2,654 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,786 | 7.058% | — | 4 | −$940 | |
| 2 | $3,091 | 6.750% | — | 2 | −$635 | |
| 3 | $3,143 | 6.370% | — | 2 | −$583 | |
| 4 | $3,326 | 6.125% | — | 5 | −$400 | |
| 5 | $3,388 | 6.750% | — | 5 | −$338 | |
| 6 | $3,480 | 7.000% | — | 8 | −$246 | |
| 7 | $3,546 | 6.625% | — | 3 | −$180 | |
| 8 | $3,644 | 6.812% | — | 24 | −$82 | |
| 9 | $3,687 | 6.625% | — | 112 | −$39 | |
| 10 | $3,710 | 6.500% | — | 143 | −$16 | |
| 11 | $3,714 | 6.438% | — | 6 | −$12 | |
| 12 | $3,726 | 6.625% | — | 250 | +$0 | |
| 13 | $3,920 | 6.750% | — | 27 | +$194 | |
| 14 | $3,953 | 6.625% | — | 54 | +$227 | |
| 15 | $4,039 | 6.625% | — | 52 | +$313 | |
| 16 | $5,048 | 6.875% | — | 5 | +$1,322 | |
| 17 | $5,361 | 6.312% | — | 2 | +$1,635 | |
| 18 | $5,463 | 6.750% | — | 5 | +$1,737 | |
| 19 | $6,469 | 6.875% | — | 2 | +$2,743 | |
| 20 | $6,691 | 6.688% | — | 2 | +$2,965 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | First State Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $3,726 | $7,127 | −$3,401 (−47.7%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.